MVEDP is hoping to acquire the former Philipsburg Area Hospital site by the end of February, having successfully reached a sales agreement and negotiating the price tag down from $600,000 to $150,000.

Once the transaction is finalized, the site will be turned into Philipsburg Area Commerce Park. Depending on how the possibilities unfold, the space could be home to a single company or subdivided to accommodate multiple tenants.

As for the pre-existing business sites managed by MVEDP, they, too, appear to be in demand — only four are presently available. In the past year, ChemStation, Finger Lakes Chemical, Nittany Laser, Organic Climbing and Orkin have all renewed their leases at Moshannon Valley Regional Business Center.

We’ve got good people running these younger companies.

Stan Lafuria

LaFuria said that negotiating a lease renewal with Polymics and American Home Patient at Moshannon Valley Enterprise Center is among MVEDP’s 2017 priorities, as is recruiting another school or company to replace the vacancy left by DuBois Business College.

Falling under the heading of “coming soon” is a 48-unit apartment building to be constructed by Windy Hill Village, its second project in less than five years. Diamondback Automotive Accessories also has a new 38,000-square-foot facility under construction.